As we come down to the wire for 2012, the pace of business blunders hasn't slowed. From an ill-timed streaming video outage to the ultimate dot-com oversight, here's our rundown of the most boneheaded episodes -- and a few brilliant moves -- from this week in the world of business.

SeaWorld's owner, Blackstone Group LP, will likely sell some of its stake in the deal. But the private equity firm will still own a majority of the voting power of the company's shares after the IPO, the company said in a filing with the Securities and Exchange Commission.

Last week, power-plant operator Dynegy agreed to be acquired by top shareholder, Icahn Enterprises, for about $665 million. But Dynegy's second-largest shareholder, hedge fund Seneca Capital, rejected the bid, calling it "the wrong price at the wrong time for the wrong reasons."

Power plant operator Dynegy has agreed to be acquired by Icahn Enterprises for $5.50 per share in cash, or about $665 million. Dynegy has about $3.95 billion of outstanding debt, net of cash. The agreement follows a recent failed bid from private equity giant The Blackstone Group.

Dynegy has agreed to be acquired by an affiliate of Steven Schwarzman's (pictured) Blackstone Group in a transaction valued at approximately $4.7 billion, including the assumption of existing debt. Blackstone will pay $4.50 per share in cash.

The recent stock market correction has been brutal for The Blackstone Group. Since mid-April, the firm's shares have gone from $15.25 to $10.58.
On Thursday, though, Blackstone reported $205 million in profits for the second quarter, and shares were up around 4% late in the day.

The real estate portfolio is worth around $2 billion, excluding debt. Blackstone will help unwind the portfolio and will not acquire any assets from it.
The real estate portfolio is worth around $2 billion, excluding debt. , The Financial Times reported. Blackstone will help unwind the portfolio and will not acquire any assets from it.

As private-equity giant KKR moves at last toward completing its own IPO, it is opening up its internal finances to the SEC. One of the more interesting items: How little its two billionaire founders, cousins Henry Kravis and George Roberts, earned from the business last year.

A new suitor may be entering the bidding war for Healthscope, the second-largest private hospital chain in Australia: Tenet Healthcare. But going head to head with the private equity giants who have already

Investment banking's smaller fries are grabbing a bigger share of the lucrative mergers and acquisitions advisory business. Blackstone Group's ranking has moved up to 11th from 86th last year while Lazard has moved to sixth position. Watch out No. 1 Goldman Sachs.

The Blackstone Group paid $800 million to lenders in exchange for a $4 billion reduction of debt obligations connected to Hilton Hotel properties. The debt restructuring will likely reduce returns for investors, but it saves Blackstone's equity investment and prevents it from having to sell assets.